American Century Companies Inc. Has $39.09 Million Stock Holdings in Associated Banc-Corp (NYSE:ASB)

American Century Companies Inc. lowered its holdings in Associated Banc-Corp (NYSE:ASB - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,635,668 shares of the bank's stock after selling 22,979 shares during the quarter. American Century Companies Inc. owned 1.08% of Associated Banc worth $39,092,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in shares of Associated Banc by 49.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,747 shares of the bank's stock worth $42,000 after acquiring an additional 579 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Associated Banc in the 3rd quarter valued at $39,000. Crews Bank & Trust acquired a new stake in Associated Banc in the 4th quarter worth $56,000. Sugar Maple Asset Management LLC bought a new position in shares of Associated Banc during the 4th quarter worth about $64,000. Finally, R Squared Ltd acquired a new position in shares of Associated Banc during the fourth quarter valued at about $67,000. 82.98% of the stock is currently owned by institutional investors and hedge funds.

Associated Banc Price Performance

Shares of NYSE ASB traded down $0.35 during midday trading on Tuesday, reaching $22.19. 782,814 shares of the company traded hands, compared to its average volume of 1,464,575. Associated Banc-Corp has a 12 month low of $19.76 and a 12 month high of $28.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.88. The stock's 50-day simple moving average is $23.90 and its 200-day simple moving average is $24.06. The firm has a market cap of $3.67 billion, a PE ratio of 28.08, a PEG ratio of 1.52 and a beta of 0.90.

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Associated Banc (NYSE:ASB - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. As a group, equities analysts anticipate that Associated Banc-Corp will post 2.43 earnings per share for the current fiscal year.

Associated Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.23 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 4.15%. Associated Banc's dividend payout ratio (DPR) is presently 116.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stephens reissued an "equal weight" rating and set a $28.00 target price on shares of Associated Banc in a research report on Tuesday, March 25th. StockNews.com lowered Associated Banc from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Barclays boosted their price objective on Associated Banc from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Thursday, December 19th. Robert W. Baird reduced their target price on Associated Banc from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, Raymond James lowered their price target on shares of Associated Banc from $30.00 to $28.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.11.

Insider Activity at Associated Banc

In other Associated Banc news, Director Eileen A. Kamerick sold 7,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $24.71, for a total transaction of $172,970.00. Following the sale, the director now owns 49,495 shares of the company's stock, valued at $1,223,021.45. This represents a 12.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Williams sold 2,830 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $25.09, for a total transaction of $71,004.70. Following the completion of the transaction, the director now directly owns 66,915 shares of the company's stock, valued at approximately $1,678,897.35. This represents a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.45% of the company's stock.

Associated Banc Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.